DAIEISANGYO Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 30% Decrease

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Mon Sep 9, 2024 4:00 pm JST Revision

2974 DAIEISANGYO Co.,Ltd. 【J-GAAP】

Guidance Update Report

DAIEISANGYO Co.,Ltd. <2974> [FukuokaSE] announced a performance revision after the market closed on September 9th (16:00). The consolidated ordinary profit for the fiscal year ending September 2024 has downwardly by 29.9%, from the previous forecast of 812 million yen to 569 million yen (compared to 808 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 29.6% decrease in profit.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) consolidated ordinary profit has downwardly by 18.3%, from the previous forecast of 1.32 billion yen to 1.08 billion yen (compared to 600 million yen in the same period of the previous year), leading to a reduction in the profit decline rate from 2.2 times to 80.5%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	23,240	1,496	1,326	902	273.6	12	May 13, 2024	J-GAAP
Apr - Sep, 2024 New	21,723	1,219	1,083	708	214.7	12	Sep 9, 2024	J-GAAP
Revision Rate	-6.5%	-18.5%	-18.3%	-21.5%	-21.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Prev	38,555	1,123	812	531	161.1	23	Nov 13, 2023	J-GAAP
Sep, 2024 New	37,038	846	569	337	102.2	23	Sep 9, 2024	J-GAAP
Revision Rate	-3.9%	-24.7%	-29.9%	-36.5%	-36.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	20,150	688	600	390	118.6	12	Nov 13, 2023	J-GAAP
Apr - Sep, 2024 Guidance	21,723	1,219	1,083	708	214.7	12	Sep 9, 2024	J-GAAP
YoY	+7.8%	+77.2%	+80.5%	+81.5%	+81.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	33,999	1,149	965	698	212.4	20	Nov 11, 2022	J-GAAP
Sep, 2023	35,759	1,021	808	528	160.5	23	Nov 13, 2023	J-GAAP
Sep, 2024 Guidance	37,038	846	569	337	102.2	23	Sep 9, 2024	J-GAAP
YoY	+3.6%	-17.1%	-29.6%	-36.2%	-36.3%